Europe leads world in chip market growth

September 02, 2014 // By Peter Clarke
In July the European region showed the strongest year-on-year growth of all regions tracked by the World Semiconductor Trade Statistics (WSTS) organization, according to the European Semiconductor Industry Association (ESIA).

The year-on-year growth of 14.9 percent was ahead of the Asia-Pacific region at 11.2 percent and the Americas region, which grew by 8.1 percent.

The three-month average of global chip sales for July was $28.07 billion, up 9.9 percent over the equivalent figure in June 2013. The year-on-year growth was a slight dip from 10.1 percent recorded the previous month.

Sequentially the three-month average sales were up 2.4 percent from $27.40 billion in June 2014, a figure that had been moved down from $27.57 billion. No reason was given for the reduced figure.

Three-month average chip sales in June, July 2014. Source: ESIA/WSTS

The Americas region and Japan both saw year-on-year growth that declined from the previous month, in Japan's case back to a lowly 2 percent. But Asia-Pacific growth strengthened while China's weakened.

Robust growth was observed across the main product categories in Europe, with discrete devices, optoelectronics and MOS MPU performing particularly well.

Semiconductor devices designed to be used in specific applications saw an increased demand in July, with sales of devices to be used in computer and automotive applications growing particularly strongly.